Pimax Secures $13.6M to Boost VR Innovation and Global Expansion
January 14, 2025
However, the release date for the Cobb compute unit remains uncertain as Pimax plans to incorporate additional features before its launch.
In response to community feedback and consumer protection laws in the EU and UK, Pimax has introduced a new payment model allowing customers to purchase headsets at lower prices and try them for 14 days risk-free.
Pimax, a Chinese startup known for its wide field-of-view PC VR headsets, has successfully raised approximately $13.6 million in an extension to its Series C funding round.
With this latest investment, Pimax's total external funding has now reached $82.7 million, according to Crunchbase.
The new capital will be allocated to expanding Pimax's research and development efforts, including increasing their development team in the United States and establishing a new R&D group in Europe.
Pimax aims to leverage this funding to innovate further in XR technology and enhance its global sales.
The company has also announced a delay in the launch of its Crystal Super headset, which is now set to ship in Q1 2025, with initial batches expected at the end of January.
This funding round was led by Zhuji Jingkai Capital Investment, with support from existing investor Ivy Capital, marking a significant financing achievement for a Chinese VR manufacturer.
In December 2024, Pimax introduced the Dream Air, a high-end PC VR headset priced at $1,895, featuring advanced components such as micro OLED panels and pancake lenses, with a launch expected in May 2025.
Weng Zhibin, the company's founder, attributes Pimax's success to continuous investment in R&D, leading to advancements in displays, lenses, and computing power.
Pimax has experienced remarkable growth, nearly doubling its revenue each year for the past three years, with about 80% of its users now coming from international markets.
The Dream Air will include an optional compute unit called 'Cobb', which features a Snapdragon XR2 Gen 2 chipset, enabling standalone VR functionality.
Summary based on 2 sources
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Sources

Road to VR • Jan 13, 2025
Pimax Raises Another $13.6M to Accelerate the Development of Its VR Headset Business
MIXED Reality News • Jan 14, 2025
$13.6M for Pimax: The VR headset manufacturer raises new funds